“Those who have knowledge don’t predict. Those who predict don’t have knowledge.” Lao Tzu, Chinese philosopher, 6th century BC


Thursday, 24 October 2013

24 Oct 2013

The corrective theme (if it is one) has continued for a 2nd day, and I am still expecting a downward bias.  I was not expecting a extended session for the correction but we must be patient.  Ultimately though we are still in our main trend of an upward direction so the momentum for the downside is subdued as evident of the past few days.  Once it is done, we can then try to see if the upward trend continues.  The clue will be in the movement in the next couple of days.

Main-Trend: UP
Short-Term: DOWN

No comments:

Post a Comment